Airport Bond Issue Closes Fully Subscribed

Auckland Airport today announced that its full
offer of $130 million of retail bonds is now completely
subscribed.

This subscription includes the exchange offer
reserve of $50 million, which closed yesterday, set aside
for holders of existing Auckland Airport unsubordinated,
unsecured, fixed rate bonds.

It also includes the
subsequent take-up from the general public of the remaining
bonds from the balance of the exchange offer reserve.

Chief financial officer for Auckland Airport, Jason Dale,
said, “We are extremely pleased at the overall success of
the bond issue at a time of great financial uncertainty. We
see the strength of the demand for the offer as a strong
signal that investors view Auckland Airport as a relatively
safe port in an economic storm.”

The bonds offered
investors an opportunity to invest in an iconic kiwi
long-term infrastructure business.

They are direct,
unsecured, unsubordinated debt obligations of Auckland
Airport. The bonds will have a maturity date of 15 November
2016.

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